OPEX Ratio Alignment & Portfolio Valuation Overview
PORTFOLIO VALUE DEVELOPMENT IN 1H22
PORTFOLIO VALUE DOWN
25.2% IN 1H22, REFLECTING
THE SALE OF THE WATER
UTILITY BUSINESS FOR
CASH AND UNREALISED
LOSSES FROM PORTFOLIO
VALUATIONS
GEL MILLION
3,616
-6.9%
3,059
(558)
(189)
(23)
(163)
Portfolio value
Sale of an 80%
31-Dec-21
equity interest
in Water Utility
LISTED AND OBSERVABLE
PORTFOLIO COMPANIES
Portfolio value
after the disposal
of Water Utility
Value creation in
listed & observable
portolio
Accrued dividend
income from BoG
-9.3%
+4.7%
(17)
GEORGIA
CAPITAL
143
2,705
(104)
PRIVATE PORTFOLIO COMPANIES
Value change in
large portfolio
companies
Value change in
investment stage
portfolio companies
Value change in
other portfolio
companies
Conversion of
loans issued
into equity
Portfolio value
30-Jun-22
36View entire presentation